NEW YORK (GenomeWeb News) – PerkinElmer has acquired Chinese infectious disease diagnostics company Shanghai Haoyuan Biotech for $38 million plus other considerations, the Waltham, Mass.-based firm announced after the close of the market on Monday.

The deal, PerkinElmer said, extends its capabilities into nucleic acid blood screening and in the growing molecular clinical diagnostics market in China, "further strengthening the company's position as a diagnostics leader in China as well as across the globe."